Global Burial Insurance Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2030

List of Tables

The global demand for Burial Insurance Market is presumed to reach the market size of nearly USD 505.5 BN by 2030 from USD 243.99 BN in 2022 with a CAGR of 7.31% under the study period 2023 - 2030.

Burial insurance, a type of life insurance, is used to cover the costs of a deceased person's funeral and merchandise costs, without having to wait for an insurance company's medical exam. No medical examination is necessary for burial insurance. Applicants are questioned about their age, history of smoking, and any major medical concerns they may have. Additionally, the primary goal of burial insurance is to pay for costs related to remembrance, burial, or funeral services. It is given in lump sums with flexible options for predetermined budgets. Additionally, beneficiaries have the right to designate the funds to cover unpaid debts, including a mortgage and other expenses.

MARKET DYNAMICS:

The burial insurance market is flourishing due to increasing demand for funeral services & their associated costs. Moreover, digitalization & growing internet usage, and the health insurance sector expansion are some factors propelling the burial insurance market growth. Due to increasing awareness regarding burial insurance, several insurance firms are trying to enter the market through different marketing approaches, which include lucrative funeral insurance policies, which could attract a wide range of customers. Furthermore, the growing geriatric population and rising demand for direct cremation against conventional funeral services are two other factors fostering the market growth of burial insurance.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of burial insurance. The growth and trends of burial insurance industry provide a holistic approach to this study.

MARKET SEGMENTATION:

This section of the burial insurance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Coverage Type

Level Death Benefit
Guaranteed Acceptance
Modified Or Graded Death Benefit

By Age Of End-User

Over 50
Over 60
Over 70
Over 80

REGIONAL ANALYSIS:

This section covers the regional outlook, which accentuates current and future demand for the Burial Insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the burial insurance market include Foresters Financial Services Inc (acquired by Nassau Financial Group, L.P. also known as 'Nassau'), Royal Neighbors of America, Gerber Life Insurance Company, Zurich Insurance, Globe Life Inc. (Globe Life and Accident Insurance Company), Mutual of Omaha, Fidelity Life Association, Allianz Life, Colonial Penn, The Baltimore Life, Generali. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR11219256

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . BURIAL INSURANCE - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Coverage Type
- 3.7.2 Market Attractiveness Analysis By Age Of End-user
- 3.7.3 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK

6 . GLOBAL BURIAL INSURANCE MARKET ANALYSIS BY COVERAGE TYPE

6.1 Overview by Coverage Type
6.2 Historical and Forecast Data
6.3 Analysis by Coverage Type
6.4 Level Death Benefit Historic and Forecast Sales by Regions
6.5 Guaranteed Acceptance Historic and Forecast Sales by Regions
6.6 Modified or Graded Death Benefit Historic and Forecast Sales by Regions

7 . GLOBAL BURIAL INSURANCE MARKET ANALYSIS BY AGE OF END-USER

7.1 Overview by Age Of End-user
7.2 Historical and Forecast Data
7.3 Analysis by Age Of End-user
7.4 Over 50 Historic and Forecast Sales by Regions
7.5 Over 60 Historic and Forecast Sales by Regions
7.6 Over 70 Historic and Forecast Sales by Regions
7.7 Over 80 Historic and Forecast Sales by Regions

8 . GLOBAL BURIAL INSURANCE MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1. Overview, Historic and Forecast Sales Analysis
- 8.3.2. North America By Segment Sales Analysis
- 8.3.3. North America By Country Sales Analysis
- 8.3.4. United State Sales Analysis
- 8.3.5. Canada Sales Analysis
- 8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1. Overview, Historic and Forecast Sales Analysis
- 8.4.2. Europe by Segment Sales Analysis
- 8.4.3. Europe by Country Sales Analysis
- 8.4.4. United Kingdom Sales Analysis
- 8.4.5. France Sales Analysis
- 8.4.6. Germany Sales Analysis
- 8.4.7. Italy Sales Analysis
- 8.4.8. Russia Sales Analysis
- 8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1. Overview, Historic and Forecast Sales Analysis
- 8.5.2. Asia Pacific by Segment Sales Analysis
- 8.5.3. Asia Pacific by Country Sales Analysis
- 8.5.4. China Sales Analysis
- 8.5.5. India Sales Analysis
- 8.5.6. Japan Sales Analysis
- 8.5.7. South Korea Sales Analysis
- 8.5.8. Australia Sales Analysis
- 8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1. Overview, Historic and Forecast Sales Analysis
- 8.6.2. Latin America by Segment Sales Analysis
- 8.6.3. Latin America by Country Sales Analysis
- 8.6.4. Brazil Sales Analysis
- 8.6.5. Argentina Sales Analysis
- 8.6.6. Peru Sales Analysis
- 8.6.7. Chile Sales Analysis
- 8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1. Overview, Historic and Forecast Sales Analysis
- 8.7.2. Middle East & Africa by Segment Sales Analysis
- 8.7.3. Middle East & Africa by Country Sales Analysis
- 8.7.4. Saudi Arabia Sales Analysis
- 8.7.5. UAE Sales Analysis
- 8.7.6. Israel Sales Analysis
- 8.7.7. South Africa Sales Analysis
- 8.7.8. Rest Of Middle East And Africa Sales Analysis

9 . COMPETITIVE LANDSCAPE OF THE BURIAL INSURANCE COMPANIES

9.1. Burial Insurance Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10 . COMPANY PROFILES OF BURIAL INSURANCE INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Foresters Financial Services Inc (acquired by Nassau Financial Group L.P. also known as 'Nassau')
- 10.3.1. Company Overview
- 10.3.2. Company Revenue
- 10.3.3. Products
- 10.3.4. Recent Developments
10.4. Royal Neighbors of America
- 10.4.1. Company Overview
- 10.4.2. Company Revenue
- 10.4.3. Products
- 10.4.4. Recent Developments
10.5. Gerber Life Insurance Company
- 10.5.1. Company Overview
- 10.5.2. Company Revenue
- 10.5.3. Products
- 10.5.4. Recent Developments
10.6. Zurich Insurance
- 10.6.1. Company Overview
- 10.6.2. Company Revenue
- 10.6.3. Products
- 10.6.4. Recent Developments
10.7. Globe Life Inc. (Globe Life and Accident Insurance Company)
- 10.7.1. Company Overview
- 10.7.2. Company Revenue
- 10.7.3. Products
- 10.7.4. Recent Developments
10.8. Mutual of Omaha
- 10.8.1. Company Overview
- 10.8.2. Company Revenue
- 10.8.3. Products
- 10.8.4. Recent Developments
10.9. Fidelity Life Association
- 10.9.1. Company Overview
- 10.9.2. Company Revenue
- 10.9.3. Products
- 10.9.4. Recent Developments
10.10. Allianz Life
- 10.10.1. Company Overview
- 10.10.2. Company Revenue
- 10.10.3. Products
- 10.10.4. Recent Developments
10.11. Colonial Penn
- 10.11.1. Company Overview
- 10.11.2. Company Revenue
- 10.11.3. Products
- 10.11.4. Recent Developments
10.12. The Baltimore Life
- 10.12.1. Company Overview
- 10.12.2. Company Revenue
- 10.12.3. Products
- 10.12.4. Recent Developments
10.13. Generali
- 10.13.1. Company Overview
- 10.13.2. Company Revenue
- 10.13.3. Products
- 10.13.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies